South Korea carbon price could skyrocket, analysts say

The South Korean government’s unwillingness to amend estimates of future greenhouse gas emissions could push its carbon price up to $93 per metric ton of CO2 , nearly 10 times higher than in Europe, when its cap and trade scheme launches in 2015, according to a report by Thomson Reuters Point Carbon.
Emissions from sectors covered by South Korea’s emissions trading scheme such as power generation and manufacturing could be about one-third higher than the government’s estimates, according to the Point Carbon report………………………………………..Full Article: Source